Mid-November Phosphate Market Stabilizes Amidst Gains (11.10–11.20)

November 21, news

I. Price Trends

According to the commodity market analysis system, as of November 20th, the reference average price of 85% industrial thermal phosphoric acid in China was 6,770 CNY/ton, an increase of 0.89% from the reference average price of 6,710 CNY/ton on November 10th.

II. Market Analysis

Market Perspective

In mid-month, the price of phosphoric acid in China increased. As of November 20th, the ex-factory quotation for 85% thermal phosphoric acid in Hubei region was around 6,600-6,900 CNY/ton, in Yunnan region it was around 6,500-6,900 CNY/ton, and in Sichuan region it was around 6,500-6,900 CNY/ton.

Cost Aspect

Regarding yellow phosphorus raw materials, market prices have remained stable yet declined slightly this mid-month. Demand for yellow phosphorus remains weak, with fewer inquiries from downstream buyers, leading to a dominant trend of price-cutting procurement. At the same time, inventory pressure in the yellow phosphorus market is rising, prompting manufacturers to lower their prices and increase shipments.

III. Market Forecast

Phosphate analysts believe: Recently, the phosphate market has seen minor adjustments. The price of raw material yellow phosphorus has weakened, leading to insufficient cost support. Currently, the phosphate market is mainly in a wait-and-see mode, with stable trading. It is expected that the Chinese phosphate market will mainly consolidate in the short term.